Evan Tindell joins The Business Brew to discuss how his background as a poker player influences his investing philosophy, how he got started in the business, and he drops some knowledge about shorting. Bill reached out to Evan because Bill wanted to discuss position sizing and “Kelly betting,” which was the catalyst for this conversation. 
 
Please pardon some construction noise in the beginning, the conversation’s quality is worth listening past some background noise. 
 
You can follow Evan’s firm at <a href="https://www.biremecapital.com/">https://www.biremecapital.com/</a> and Evan at @evantindell on Twitter (<a href="https://twitter.com/evantindell">https://twitter.com/evantindell</a>). 
 
We hope you enjoy the conversation. Please leave us a rating in your favorite podcast player/app. 
 
Detailed Show Notes 
2:00 - Evan’s Background 
7:20 - Overtrading 
9:30 - How poker losses help investing 
11:30 - How price impacts analysis 
22:50 - Evan’s start as an asset manager 
26:30 - Evan looks for cognitive reasons the market is wrong 
28:00 - Evan’s view on size 
33:30 - A Netflix Discussion 
44:45 - Bet sizing 
48:20 - Position sizing and merger arb 
53:00 - Incentives and money management 
57:26 - How to think about Kelly betting and risk reward throughout an investment 
1:02:45 - Fighting the bias to sell early 
1:05:43 - Shorting high value 
1:10:50 - Managing shorting 
1:23:00 - Twitter whistleblower discussion and wrap up

Evan Tindell joins The Business Brew to discuss how his background as a poker player influences his investing philosophy, how he got started in the business, and he drops some knowledge about shorting. Bill reached out to Evan because Bill wanted to discuss position sizing and “Kelly betting,” which was the catalyst for this conversation. Please pardon some construction noise in the beginning, the conversation’s quality is worth listening past some background noise. You can follow Evan’s firm at https://www.biremecapital.com/ and Evan at @evantindell on Twitter (https://twitter.com/evantindell). We hope you enjoy the conversation. Please leave us a rating in your favorite podcast player/app. Detailed Show Notes 2:00 - Evan’s Background 7:20 - Overtrading 9:30 - How poker losses help investing 11:30 - How price impacts analysis 22:50 - Evan’s start as an asset manager 26:30 - Evan looks for cognitive reasons the market is wrong 28:00 - Evan’s view on size 33:30 - A Netflix Discussion 44:45 - Bet sizing 48:20 - Position sizing and merger arb 53:00 - Incentives and money management 57:26 - How to think about Kelly betting and risk reward throughout an investment 1:02:45 - Fighting the bias to sell early 1:05:43 - Shorting high value 1:10:50 - Managing shorting 1:23:00 - Twitter whistleblower discussion and wrap up

Evan Tindell joins The Business Brew to discuss how his background as a poker player influences his investing philosophy, how he got started in the business, and he drops some knowledge about shorting. Bill reached out to Evan because Bill wanted to discuss position sizing and “Kelly betting,” which was the catalyst for this conversation. 
 
Please pardon some construction noise in the beginning, the conversation’s quality is worth listening past some background noise. 
 
You can follow Evan’s firm at&nbsp;<a href="https://www.biremecapital.com/" rel="noopener noreferrer">https://www.biremecapital.com/</a>&nbsp;and Evan at @evantindell on Twitter (<a href="https://twitter.com/evantindell" rel="noopener noreferrer">https://twitter.com/evantindell</a>). 
 
We hope you enjoy the conversation. Please leave us a rating in your favorite podcast player/app. 
 
Detailed Show Notes 
2:00 - Evan’s Background 
7:20&nbsp;- Overtrading 
9:30&nbsp;- How poker losses help investing 
11:30&nbsp;- How price impacts analysis 
22:50&nbsp;- Evan’s start as an asset manager 
26:30 - Evan looks for cognitive reasons the market is wrong 
28:00 - Evan’s view on size 
33:30 - A Netflix Discussion 
44:45 - Bet sizing 
48:20 - Position sizing and merger arb 
53:00 - Incentives and money management 
57:26 - How to think about Kelly betting and risk reward throughout an investment 
1:02:45 - Fighting the bias to sell early 
1:05:43 - Shorting high value 
1:10:50 - Managing shorting 
1:23:00 - Twitter whistleblower discussion and wrap up

Evan Tindell - Where Poker and The Market Collide

Welcome to The Business Brew

This podcast’s mission is to dig deep into the thought patterns and analysis of investors and business people. The podcast stemmed from Bill Brewster consistently feeling like he was listening to prepackaged material while listening to podcasts. Instead, he wanted long form, in depth, discussions about finance, capital allocation, and the psychology of investing/business. 

Bill is a private investor. He cohosts the podcast Value: After Hours with Tobias Carlisle and Jake Taylor. Tobias, Jake and Bill met at a Berkshire Hathaway meeting and formed a lasting friendship.  And, as it turns out, people really like the podcast. 

While Bill tries to replicate Warren Buffett and Charlie Munger’s thought processes, he is heavily influenced by Bill Miller III, Stan Druckenmiller, and others.  This podcast is his attempt to dig deeper into other investing/business philosophies and share the knowledge with the world.  

We are interested in interviewing portfolio managers, Wall Street sell side analysts, buy side analysts, private investors, owner operators, and anyone that is willing to go in depth about running a company/division.  So, if you are interested in participating please email us with the subject “Guest Appearance.”   

Disclaimer:  Bill manages a portfolio under the name of Sullimar Capital Group.  This podcast is for informational and educational purposes only.  Nothing in this podcast or on SullimarCapital.Group is investment advice.  All information in this is opinion based, potentially biased, and requires verification. 

Bill and his guests make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in these podcasts. Any assumptions, opinions and estimates expressed constitute the participant’s judgment as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions as to market conditions and there can be no guarantee that any projected outcomes will be achieved.  This podcast does not accept any liability for any direct, consequential or other loss arising from reliance on the contents of this presentation. 

This podcast series DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICIATION OF AN OFFER TO BUY ANY SECURITIES MENTIONED OR DISCUSSED. Seek the your financial, tax, legal, accounting, or other advisor’s advice before making any investment decisions.  We are not your fiduciary or advisor.

Business

Investing

Welcome to The Business Brew This podcast’s mission is to dig deep into the thought patterns and analysis of investors and business people. The podcast stemmed from Bill Brewster consistently feeling like he was listening to prepackaged material while listening to podcasts. Instead, he wanted long form, in depth, discussions about finance, capital allocation, and the psychology of investing/business. Bill is a private investor. He cohosts the podcast Value: After Hours with Tobias Carlisle and Jake Taylor. Tobias, Jake and Bill met at a Berkshire Hathaway meeting and formed a lasting friendship. And, as it turns out, people really like the podcast. While Bill tries to replicate Warren Buffett and Charlie Munger’s thought processes, he is heavily influenced by Bill Miller III, Stan Druckenmiller, and others. This podcast is his attempt to dig deeper into other investing/business philosophies and share the knowledge with the world. We are interested in interviewing portfolio managers, Wall Street sell side analysts, buy side analysts, private investors, owner operators, and anyone that is willing to go in depth about running a company/division. So, if you are interested in participating please email us with the subject “Guest Appearance.” Disclaimer: Bill manages a portfolio under the name of Sullimar Capital Group. This podcast is for informational and educational purposes only. Nothing in this podcast or on SullimarCapital.Group is investment advice. All information in this is opinion based, potentially biased, and requires verification. Bill and his guests make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in these podcasts. Any assumptions, opinions and estimates expressed constitute the participant’s judgment as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions as to market conditions and there can be no guarantee that any projected outcomes will be achieved. This podcast does not accept any liability for any direct, consequential or other loss arising from reliance on the contents of this presentation. This podcast series DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICIATION OF AN OFFER TO BUY ANY SECURITIES MENTIONED OR DISCUSSED. Seek the your financial, tax, legal, accounting, or other advisor’s advice before making any investment decisions. We are not your fiduciary or advisor.

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